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Copenhagen Summit

The United Nations Copenhagen Climate Change Summit ran from 7-18 December,
2009 and was expected to see the agreement of a successor to the Kyoto Treaty.
However, the talks failed to deliver an agreement and were widely branded as a
failure by environmental and business groups.

Also known as the Conference of the Parties 15 (COP 15), the two week meeting
was dominated by a fractious stand off between developed and developing
countries with both sides accusing the other of failing to take sufficient
action to curb carbon emissions.

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The negotiations were saved from complete collapse on the final day of the
summit when the US and the so-called BASIC countries (Brazil, South Africa,
India and China) brokered an agreement dubbed the Copenhagen Accord.

Widely criticised for failing to include solid carbon emission targets or a
timeline for reaching a binding treaty, the accord featured a commitment to keep
global average temperature rises below two degrees, increase short term funding
for climate change projects in poorer nations, and investigate longer term
funding strategies and mechanisms for ensuring all nations deliver on promises
to curb carbon emissions.

It also featured an annex in which industrialised nations were expected to
detail their carbon emission targets for 2020 and developing nations were
expected to provide information on their national climate change action plans.

The Accord was rejected by a number of countries and as a result was only "
noted" by the Copenhagen Summit rather than being formally adopted.

The attempt to deliver a binding international treaty to replace Kyoto has
now been postponed until the UN's Mexico Summit in December 2010.